0
Yes. Simple supply and demand. Short story to illustrate....I heard of a guy that drove down immediately after Katrina with a pickup-truck full of generators to sell. He sold them for a very high price...I don't remember the price but say it was 3 times higher than normal. People were amazed to see supplies so quickly, and agreed, under their own choice, to purchase them because of the need, or demand. The seller took a chance at an opportunity. Good for him, both parties benefit.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What happens to prices when you have a surplus?
Prices fall because there is surplus. Dildos make you feel good.
How will an increase in price affect a normal good?
Prices of every thing is increasing day by day.Even ,now food prices also go on at high place. The price of petrol is increased suddenly,& a comman man shock. The prices of rice, wheat, edible oil, and salt have risen by 12 percent to 20 per cent, and the prices of some vegetables have doubled.And the central government isn't doing anything.Let us discuss what should be done to fight against hunger.
What Is The Good Thing About Command Economy?
One good thing about command economies is that they have good qualities. A few bad things about command economies is that they are not efficient and there is no incentive. If you were also wondering what a command economy even IS, then it is an economy where the government is in charge of what they make and how much they sell it for. The way I remember it is by saying that the government is saying, "I COMMAND you to make me this!" teehee. sorry if that was too much info...
Why is the price of milk going up?
Because when gas prices go up, food prices also go up.
Is it true that gas prices rise with grocery prices?
No, grocery prices rise with gas prices. This is because gasoline is used to transport grocery products to the stores from where they are grown or manufactured. If gas prices go up, then the cost of the grocery products to the store owner will go up and eventually the price the store charges will have to go up.
What is a good sentence for the word disaster?
Your room is a disaster! Go clean it!
Why does the price of goods go up when there is a natural disaster?
if there is a natural disaster like an earthquake, the prices go up because more people need them all at once
What is a bill market In the stock market?
There is no such thing as a bill market in the Stock market. There are only... A. a bull market in which prices go up B. a bear market in which prices go down C. a crash in which prices go down in a hurry
Why do prices go up after a disaster hits?
After disasters, the crops and many other properties are destroyed at great extent. So due to the lack of ample amount of necessary goods, people increase the prices to get more profit.
When was Let a Good Thing Go created?
Let a Good Thing Go was created on 2002-08-12.
What happens to prices when you have a surplus?
Prices fall because there is surplus. Dildos make you feel good.
Did food prices go up during the great depression?
Yes, because the government needed more money so they raised the prices of every thing.
Why do gas prices always go up?
because the econmy is not as good as it was before
How do you get night vision?
Go to TechEyes.com there is a lot of stuff like that. and good prices
I am looking for good deals on auto parts. Where is the best place to go?
This is where I go to get my auto parts. They have pretty good prices. Auto zone
Where can i find Prices of Arrowheads?
you can find prices of arrow heads on www.arrow headprices.org or go to google and put arrow head prices. www.arrow head prices might be expired you have good questiions.
What companies offer good prices on European cruises?
There are many good cruise lines that offer cruises to European cities. The prices will depend on where you want to cruise to and when you want to go.
